Bitlocity has recently announced they will be launching their own Bitlocity Token to their members as a free gift.
The amount you can get will depend on which plan you joined with…
When I watched the marketing video on YouTube, I noticed they tried to compare their Bitlocity Token to Bitcoin and other mainstream coins.
One example they gave was Bitcoin in 2010 was worth 0.003 and looks where it's now.
To be fair that is true, but Bitcoin is a LOT different than MLM companies launching their own token that has nothing going for it.
As of right now I haven't seen any reports of Bitlocity not paying, but when a crypto MLM announces a new token, it's usually an exit-scam strategy.
What they will end up doing is instead of paying you in mainstream cryptocurrencies, they will start paying in Bitlocity token which is useless outside of the company.
The company can set the price to whatever it wants to at that point and eventually it will launch it on an external exchange.
Once that happens, Bitlocity token will most likely pump, however, because this token is just another MEME coin it will dump hard…
When it dumps, most of the people will lose out who are holding on to it.
I have seen this hundreds of times in the past…
PetronPay Security Token was the latest one that launched which pumped to over $2,000 and now is worth zero.
This happened within a few months of it's launch.
When I did my original Bitlocity review, I did call it a gifting scheme and since then it looks like the hype went down…
To prolong the inevitable collapse, they are trying hype up the company with this latest new things and looks like launching a crypto coin is the oldest trick in the book.
That's what happens when the company is geared 99% towards recruitment with no real value.
I will keep you posted to see what happens next…
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